Lonmin May Struggle to Refinance Debt After Unrest, BMO Says
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Lonmin Plc, the platinum miner that expects to breach conditions on its loans as output was stalled by labor unrest in which 44 died, may struggle to refinance the debt given weak metals prices, BMO Capital Markets Ltd. said.
“The company is currently in discussions with its lenders and is also considering other financial options,” Edward Sterck, a London-based analyst at BMO Capital, said in a note.